1, PEACE PLACE, THORPENESS, LEISTON, IP16 4NA - £675,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 PEACE PLACE is a very small detached house of 101m², built sometime between 1983 and 1990. It was last sold for £675,000 in November 2022, which was around 53% above the average November 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was B.

1 PEACE PLACE Sold Prices

Land registry data shows three sales for 1 PEACE PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. All of the three 1 PEACE PLACE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 8 NOV	£675,000	£442,367	53% above HPI
2015 17 JUL	£445,000	£296,792	50% above HPI
2003 19 NOV	£245,000	£200,274	22% above HPI

1 PEACE PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The three 1 PEACE PLACE sales between November 2003 and November 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2015 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the November 2022 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

How Large is 1 PEACE PLACE?

1 PEACE PLACE is 101m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses in Thorpeness, based on EPC data. The below chart shows the distribution of detached houses by size in Thorpeness, and where 1 PEACE PLACE lies on this distribution: 16% of detached houses are smaller than 1 PEACE PLACE, and 84% of houses are larger. Note that EPC data is not available for all properties in Thorpeness.

1 PEACE PLACE: Plot and Title Map

1 PEACE PLACE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 1 PEACE PLACE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 PEACE PLACE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 PEACE PLACE?

1 PEACE PLACE is located in THORPENESS, in the IP16 postcode district. The below map shows the position of No. 1 on PEACE PLACE.